India and Russia are strengthening their economic partnership, with bilateral trade and investment reaching historic highs and both governments pushing to expand cooperation across energy, manufacturing, connectivity and technology.

India-Russia bilateral trade touched USD 68.7 billion in FY 2024-25, a nearly sixfold increase from pre-pandemic levels. India’s exports stood at USD 4.88 billion, while imports – dominated by crude oil, petroleum products, fertilizers and minerals – totaled USD 63.84 billion. Indian exports mainly included agricultural products, pharmaceuticals, chemicals, textiles, machinery and engineering goods. Both countries aim to raise bilateral trade to USD 100 billion by 2030.

Services trade has remained steady, with a USD 1.021 billion turnover in 2021. The trade b

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